$HYPE is showing how quickly momentum can shift in crypto markets. After some announcements like staking the token to activate AQAv2, $HYPE soared 17% to $46.93, its highest level this year.

This rally reflects the power of major partnerships in driving confidence and liquidity.

Hyperliquid’s move from USDH to USDC is designed to streamline trading, reduce fragmentation, and share yield revenue with its L1 network.

Even after easing to $45.68, $HYPE’s market cap remains close to $10B, underscoring strong investor belief.